#US

Emirates Dubai

Dubai’s Emirates ramps up network to adapt to looser travel restrictions

The airline is restoring capacity on 29 routes including to cities in the UK, US and Africa

Potential hijack off UAE coast ends as boarders leave vessel

The UK Maritime Trade Operations said there was a “potential hijack” roughly halfway between Iran and the UAE on Tuesday

Emirates Dubai Mexico

Dubai’s Emirates partners with Aeromar to expand connectivity in Mexico and the US

Customers can book tickets to fly to and from 12 destinations in Mexico and the US connecting to Emirates’ flights EK 256/255

Oil holds decline as investors track delta’s spread across China

West Texas Intermediate was slightly higher after slumping 3.6 per cent on Monday

Oil

Oil renews decline as US inventories expand, delta spreads

The American Petroleum Institute was said to report an 806,000 barrel gain in US crude inventories

Saudi Aramco

Saudis’ Motiva eyes revival of multibillion-dollar plastics plan

The value of the original project was estimated at $6.6 billion in 2018

Qatar wealth fund builds regional hub in Singapore to diversify

The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe

Brent oil extends gain as OPEC+ talks end without supply deal

The global market has tightened significantly over the past few months amid a robust rebound in fuel demand in the US, China and parts of Europe

World’s oldest wealth fund swells to record and cracks the top 3

The Future Generations Fund, managed by Kuwait Investment Authority, has risen to a record of about $700bn

Dubai’s DP World acquires US-based logistics provider

The transaction is subject to customary completion conditions

US issues new UAE travel advisory

The CDC issued a Level 4 Travel health notice for the UAE on Monday

Brent oil edges above $75 as investors assess tightening market

Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption

Global power grids pushed to breaking point

The extreme weather highlights the real world impact of climate change

Omani plastics firm Octal weighs $800m sale

The company is working with JPMorgan Chase & Co. as it considers selling a majority stake

Oil rallies to 32-month high as rising demand emboldens bulls

The US benchmark is on course for a fifth quarterly advance, which would be the best run since 2010

Abu Dhabi

Abu Dhabi’s ADIA is said to invest $1bn in Medline buyout

Medline is the biggest private US manufacturer and distributor of medical supplies

Dubai’s Emirates to launch new service to Miami

The carrier will now serve the US with over 70 weekly flights across 12 gateways

Dubai investment firm FIM Partners considers raising SPAC

EFG Hermes agreed to buy a stake in FIM Partners in 2017

Dubai tech startup Zeta raises $250m to accelerate growth

The investment values Zeta at $1.45bn

Oil steady near $65 as investors weigh near-term demand outlook

Oil has managed to break out from a tight range near $60 a barrel and resume its upward momentum

Israel-Gaza conflict intensifies as global diplomatic efforts continue

The US dispatched an envoy to the region and Egypt and Qatar sought to help broker a truce

joshua jahani

Why the GCC is emerging as a hub for global cross-border deals

With the region improving its status as a global trade hub, it is attracting more and more cross-border deals with countries such as the US, according to investment firm J&A

Johnson & Johnson Vaccine Administered At Colorado Fire Department

US recommends pausing J&J vaccinations on clotting concern

As of April 12, more than 6.8 million doses of the vaccine have been administered

Mubadala discusses GlobalFoundries IPO at $20bn value

Technology companies have already raised $20bn in US IPOs this year

Oil bounces back as US supply report hints at demand revival

A US inventory report showed domestic fuel consumption is at the highest in four months

Sheikh Nawaf

Kuwait’s Emir travels to Europe after medical check-ups in the US

Sheikh Nawaf Al-Ahmad Al-Sabah travelled to the US on March 4

DP World, China Harbour vie for roles in Sudanese ports

DP World has expressed interest in developing the southern terminal at Port Sudan

Dubai’s Emirates to resume flight operations to Newark via Athens

The daily service will commence from June 1, 2021

Brent oil passes $65 with US crisis now a global supply shock

More than 4 million barrels a day of US oil output is now offline

UAE aviation regulator clears Boeing 737 Max to fly again

Local airlines must first provide a plan for bringing the plane back safely